china's tongfang apt account factor in hk as expansion (agencies)
updated: 2011-01-24 13:13 2011-01-24 13:13:38.0china's tongfang apt account unit amid hk as expansiontsinghua tongfang ,technovator, hong kong,sac longchamp, ipo ,computer11022002companies2@webnews/enpproperty-->
chinese computer maker tsinghua tongfang co ltd said aboard monday that it maneuvered to account its subsidiary technovator in hong kong surrounded the second half of 2011 apt fund its international expansion.
the migrate is part of tsinghua tongfang's strategy to realize gains surrounded some of its investments made annuals antecedent through initial public offerings (ipo), with some analysts anticipating the corporation apt float as much as five units among the next two years.
the arranged listing would empower technovator, which makes building automation systems,apt beyond consolidate universal resources through direct financing alternatively mergers plus donations using hong kong as a platform as chief raising, tsinghua tongfang said surrounded a statement apt the shanghai stock exchange.
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the transfer would also increase technovator's sales plus net profit,accordingly benefiting tsinghua tongfang and other shareholders, the statement mentioned.
to make listing easier, technovator,louis vuitton donna, which is 47.four percentage controlled forward tsinghua tongfang,aspiration distend its share base along splitting each share into 40,plus plans to sell by least 25 percent of the corporation.
technovator,abercrombie, which is registered among singapore,バーバリー, has no plans apt sell pegs apt strategic investors ahead its intended hong kong listing,plus ambition use the ipo income to enlarge its international sales networks.
technovator's intended listing came behind tsinghua tongfang's two other units,louis vuitton pas cher, bestv new media plus tongfang microelectronics co went public within the mainland stock mall.
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